 |
 |
|
| |
 |
|
 |
Grasim
was incorporated on 25 August 1947, exactly 10 days after
India achieved independence |
|
Originally
a textile manufacturer, Grasim has successfully diversified
into VSF, cement, sponge iron and chemicals |
|
Aditya Birla Group is the world's largest producer of
VSF |
|
The
Aditya Birla Group is the 11th largest cement producer
in the world and the seventh largest in Asia |
|
Largest
merchant producer of sponge iron |
|
Second
largest producer of caustic soda in India |
|
Grasim
and Graviera range of fabrics signify the 'power of fashion' |
| |
|
|
 |
|
|
|
 |
|
|
|
|
|
milestones
| aquisitions and
restructuring | recent
accolades
Grasim
was incorporated on 25 August 1947, just
10 days after India became independent,
manufacturing textiles made from imported
raw materials. It is now a global leader
in viscose staple fibre (VSF), the country's
largest merchant producer of sponge iron
and the second-largest caustic soda maker
in India; and poised to be India's largest
cement manufacturer.
Milestones
2004 | 2003
| 2002 | 2001
| 2000 | 1999
| 1996 | 1995
| 1994 | 1993
| 1992 | 1991
| 1987
| 1985 |
1977 | 1972 | 1968
| 1963 | 1962
| 1954 | 1950
| 1947
2004
|
::
|
The
Staple Fibre Division and Engineering
& Development Division of Grasim,
Nagda receives SA 8000:2001 certification
from SAI in recognition of its social
accountability initiatives. |
2003
|
::
|
Grasim's
Chemical Division receives the SA 8000
(Social Accountability) and OHSAS 18001
certifications. |
2002
|
::
|
VSF Research & Application Centre
set up at Kharach in Gujarat. |
2001
|
::
|
Four
Ready-Mix Concrete plants commissioned
with an aggregate capacity of one million
cubic meters. |
2000
|
::
|
The Lawson Competency Centre is set
up as a division of Birla Consultancy
& Software Services, the software
arm of Grasim, following a tie up with
Lawson Software (USA), among Fortune's
top five private software companies.
|
1999
|
::
|
Grasim's viscose staple fibre (VSF)
and rayon grade pulp units at Mavoor
are closed down owing to lack of raw
material. |
| :: |
Third
issue on 16 September 1999 to Indian
Rayon's GDRs holders: Three GDRs in
Grasim for every 10 GDRs in Indian Rayon,
on de-merger of its Cement business
into Grasim. Nos: 1,624,336 |
1996
|
::
|
The first phase of Grasim's fourth VSF
plant is commissioned at Kharach (Gujarat). |
1995
|
::
|
Grasim commissions two greenfield cement
plants — Grasim Cement at Rawan
(Chattisgarh) and Aditya Cement at Shambhupura
(Rajasthan). |
|
::
|
Vikram
Woollens, spinning unit at Malanpur
(Madhya Pradesh) set up. |
1994
|
::
|
Second issue of GDRs on 15 June 1994
for US $100 million.
Nos: 4,878,048 |
1993
|
::
|
Vikram Ispat, India's third largest
gas-based sponge iron plant, is commissioned. |
|
::
|
Birla
Consultancy & Software Services
is set up, to provide IT consulting
services and for software development.
|
1992
|
::
|
Grasim sets up Birla International Marketing
Corporation (BIMC), a merchant exporter. |
| :: |
First
GDR issue on 2 December 1992 for US$
90 million.
Nos: 6,933,745 |
1991
|
::
|
A third production line is added at
Vikram Cement. |
1987
|
::
|
Vikram Cement's second production line
is commissioned. |
1985
|
::
|
Vikram Cement — Grasim's first
cement plant goes on stream at Jawad
(Madhya Pradesh). |
1977
|
::
|
Grasim's third rayon plant – at
Harihar, Karnataka – goes into
production. |
1972
|
::
|
VSF and Pulp plant at Harihar (Karnataka)
based on in-house engineering and know-how. |
|
::
|
Nagda
commences production of rayon grade
caustic soda — for VSF production. |
1968
|
::
|
Rayon production commences at Mavoor,
Kerala. |
1963
|
::
|
Composite
textile mill at Bhiwani (Haryana).
|
1962
|
::
|
Inception of Engineering Division for
plant and machinery for VSF. |
1954
|
::
|
VSF production commences at Nagda (Madhya
Pradesh). |
1950
|
::
|
Production of fabrics at Gwalior with
imported man-made rayon. |
1947
|
::
|
Grasim Industries incorporated. |
Acquisitions
and restructuring
2006
| 2005 | 2004
| 2003 | 2002
| 2001 | 1998
2006
|
::
|
Grasim Industries Limited, India;
Thai Rayon Public Company Limited,
Thailand and P.T. Indo Bharat Rayon,
Indonesia form a JV with Hubei Jing
Wei Chemical Fibre Company, China,
for VSF.
|
|
::
|
The
chlor alkali and chlorine derivatives
businesses of Grasim, Aditya Birla Nuvo
and Bihar Caustic become a single SBU. |
2005
|
::
|
Acquired St. Anne Nackawic Pulp Mill,
Canada with Tembec Inc. along with
Thai Rayon and PT Indo Bharat Rayon.
|
2004
|
::
|
Completion of the implementation process
to de-merge the cement business of
L&T and completion of open offer
by Grasim, with the latter acquiring
controlling stake in the newly formed
company UltraTech.
|
|
::
|
UltraTech
Board reconstituted with Mr Kumar Mangalam
Birla taking over as Chairman. |
2003
|
::
|
The
board of engineering major, Larsen
& Toubro Ltd (L&T) decides
to de-merge its cement business into
a separate cement company, UltraTech
CemCo Ltd., now UltraTech Cement Ltd.
|
2002
|
::
|
Grasim divests Gwalior textiles unit.
Textile operations consolidated at
Bhiwani to manufacture Grasim and
Graviera brands.
|
|
::
|
The Grasim Board approves an open offer
for purchase of up to 20 per cent of
the equity shares of Larsen & Toubro
Ltd (L&T), in accordance with the
provisions and guidelines issued by
the Securities & Exchange Board
of India (SEBI) Regulations, 1997. |
|
::
|
Grasim
increases its stake in L&T to 14.15
per cent. |
2001
|
::
|
Consultancy and software services
spun off; becomes separate entity,
Birla Technologies Limited.
|
|
::
|
Grasim
acquires 10 per cent stake in L&T.
Subsequently increases stake to 15.3
per cent by October 2002. |
|
::
|
Divests
holding in Birla Technologies to PSI
Data Systems. |
1998
|
::
|
Grasim's first major acquisition overseas
– the Atholville Pulp Mill in Canada.
|
|
::
|
Grasim
acquires Dharani Cements Ltd. |
|
::
|
Grasim
acquires Shree Digvijay Cements Ltd. |
|
::
|
The
cement business of Group company, Indian
Rayon and Industries Ltd (IRIL), is
transferred to Grasim in a corporate
restructuring exercise.
|
Recent
accolades |
|
::
|
Ranked
as the Best Investor Relations Company —
Building Materials in Asia by Institutional
Investors Magazine. |
|
::
|
Ranked
second for Best Corporate Governance Practices
in Asia-Pacific by IR Global Rankings. Also
ranked best company in Corporate Governance
Practices in Basic Materials Industry, globally. |
|
::
|
The Greentech Gold Industrial Safety Award
presented to Staple Fibre Division, Nagda.
|
|
::
|
The
CII - Leadership and Excellence Award in Safety,
Health and Environment presented to Staple
Fibre Division, Nagda. |
|
::
|
The
Asian Corporate Social Responsibility Award
presented to Staple Fibre Division, Nagda. |
|
::
|
The
2004 Stockholm Industry Water Award presented
to Staple Fibre Division, Nagda. |
|
::
|
The
Deming Quality Award presented to Birla
Cellulosic, Kharach.
|
|
::
|
The
Ramkrishna Bajaj National Quality Award presented
to Birla Cellulosic, Kharach. |
|
::
|
Golden
Peacock Environment Management Award presented
to the VSF unit at Harihar. |
|
::
|
Global
Cement Award for lowest injury incidence rate
presented to Grasim South, Reddipalayam. |
|
::
|
National
Award for Quality Excellence in Indian Cement
Industry presented to Grasim Cement, Raipur. |
|
::
|
National
Award for Electric Energy Excellence in Indian
Cement Industry presented to Vikram Cement,
Jawad. |
|
::
|
In
the textiles sector, the company was conferred
with :
The Greentech Environment Excellence Silver
Award for outstanding achievement in environment
management. |
|
::
|
The
Greentech Safety Gold Award for outstanding
achievement in the field of safety. |
|
|
|
|
|
|
